Arlington Value Capital LLC boosted its position in Rent-A-Center Inc (NASDAQ:RCII) by 32.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,070,422 shares of the company’s stock after acquiring an additional 1,000,103 shares during the quarter. Rent-A-Center accounts for 4.3% of Arlington Value Capital LLC’s investment portfolio, making the stock its 8th biggest position. Arlington Value Capital LLC owned 0.08% of Rent-A-Center worth $45,181,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of RCII. SG Capital Management LLC acquired a new position in Rent-A-Center in the fourth quarter valued at $6,148,000. Highbridge Capital Management LLC acquired a new position in Rent-A-Center in the third quarter valued at $5,795,000. JPMorgan Chase & Co. boosted its holdings in Rent-A-Center by 15.4% in the third quarter. JPMorgan Chase & Co. now owns 1,418,648 shares of the company’s stock valued at $16,357,000 after acquiring an additional 189,506 shares during the last quarter. Brandes Investment Partners LP boosted its holdings in Rent-A-Center by 9.6% in the fourth quarter. Brandes Investment Partners LP now owns 1,993,468 shares of the company’s stock valued at $22,127,000 after acquiring an additional 174,472 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Rent-A-Center in the third quarter valued at $1,722,000.
RCII has been the topic of several research reports. BidaskClub lowered Rent-A-Center from a “hold” rating to a “sell” rating in a research report on Friday, December 15th. Zacks Investment Research lowered Rent-A-Center from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Stephens reissued an “equal weight” rating and issued a $5.00 price objective (down from $8.00) on shares of Rent-A-Center in a research report on Thursday, February 22nd. Stifel Nicolaus reissued a “hold” rating and issued a $10.50 price objective on shares of Rent-A-Center in a research report on Wednesday, November 1st. Finally, Loop Capital set a $8.00 price objective on Rent-A-Center and gave the company a “sell” rating in a research report on Tuesday, October 31st. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Rent-A-Center has an average rating of “Hold” and an average target price of $9.86.
Rent-A-Center (NASDAQ:RCII) last released its quarterly earnings data on Tuesday, February 20th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.34). Rent-A-Center had a net margin of 0.25% and a negative return on equity of 11.30%. The company had revenue of $638.95 million during the quarter, compared to analysts’ expectations of $654.55 million. During the same period last year, the business earned ($0.23) earnings per share. The company’s revenue for the quarter was down 6.6% compared to the same quarter last year. equities research analysts anticipate that Rent-A-Center Inc will post 0.4 EPS for the current fiscal year.
Rent-A-Center, Inc is a rent-to-own operator in North America. The Company provides an opportunity to obtain ownership of products, such as consumer electronics, appliances, computers (including tablets), smartphones and furniture (including accessories), under rental purchase agreements. The Company operates in four segments: Core U.S., Acceptance Now, Mexico, and Franchising.
Want to see what other hedge funds are holding RCII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rent-A-Center Inc (NASDAQ:RCII).
Receive News & Ratings for Rent-A-Center Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rent-A-Center and related companies with MarketBeat.com's FREE daily email newsletter.